If Demand Decreases and Supply Increases,the Direction of Change in the Equilibrium

question 264

True/False

If demand decreases and supply increases,the direction of change in the equilibrium quantity is unpredictable unless the relative magnitudes of the demand and supply changes are known.

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Definitions:

Less Pay

A situation where an individual or group receives lower wages or salary compared to others, often relating to disparities or injustices in employment.

Stopwatch

A handheld timepiece designed to measure the precise amount of time elapsed from its activation to deactivation.

Shop Floor

The area in a factory where workers are engaged in the physical production of goods or manufacturing.